Last update: Oct 2026

Cost of Living Comparison Between Stanley and Reykjavik

For one person, living is cheaper in Stanley: $2,941 a month against $4,037 in Reykjavik, rent and utilities included – about $13,200 less a year. Rent and utilities account for about half of the difference.

119

Cost of Living Index in Stanley
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Stanley Living Index
193

Cost of Living Index in Reykjavik
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Reykjavik Living Index

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Stanley

🇫🇰 Falkland Islands

$2,941

/mo nomad

Reykjavik

🇮🇸 Iceland

$4,037

/mo nomad

Monthly Cost of Living

How much you'll spend in Stanley and in Reykjavik

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Stanley and in Reykjavik actually costs, broken down by who's living it.

A single person spends $2,941 per month in Stanley vs $4,037 in Reykjavik, rent included.

Stanley $2,941
Reykjavik $4,037

A couple spends around $4,457 per month in Stanley vs $5,666 in Reykjavik, rent included.

Stanley $4,457
Reykjavik $5,666

A family of three spends $5,973 per month in Stanley vs $7,295 in Reykjavik, rent included.

Stanley $5,973
Reykjavik $7,295

Stanley is about 27% cheaper than Reykjavik, and outside of rent the biggest gap is in utilities.

Both Stanley and Reykjavik sit above the global median – Stanley by 119%, Reykjavik by 201%.

Meal at Budget Restaurant

$26.38 FKP 19.92

$30.59 ISK 3,730

-13.76%

Three-Course Dinner for Two, Mid-Range

$80.6 FKP 60.9

$136 ISK 16.5K

-40.54%

Fast Food Meal (McDonalds, etc)

$27.08 ISK 3,302

Cappuccino

$4.12 FKP 3.11

$6.72 ISK 819

-38.69%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.20 FKP 1.66

$3.27 ISK 399

-32.72%

Water (0.33 liter bottle)

$1.35 FKP 1.02

$3.16 ISK 386

-57.28%

Local Beer (0.5 liter draught)

$4.23 FKP 3.19

$13.91 ISK 1,696

-69.59%

Imported Beer (0.33 liter bottle)

$2.58 FKP 1.95

$12.06 ISK 1,470

-78.61%

Milk (1 liter)

$2.29 FKP 1.73

$2.04 ISK 248

12.25%

White Bread (500g)

$2.95 FKP 2.23

$4.32 ISK 527

-31.71%

Rice (white) (1kg)

$0.90 FKP 0.68

$3.67 ISK 447

-75.48%

Eggs

$6.99 FKP 5.28

$7.02 ISK 856

-0.43%

Local Cheese (1kg)

$2.84 FKP 2.15

$22.01 ISK 2,684

-87.10%

Chicken Fillets (1kg)

$9.47 FKP 7.15

$24.70 ISK 3,012

-61.66%

Beef Round Steak (1kg)

$11.99 FKP 9.06

$42.66 ISK 5,202

-71.89%

Apples (1kg)

$9.40 FKP 7.09

$3.37 ISK 412

178.93%

Banana (1kg)

$5.40 FKP 4.08

$2.85 ISK 347

89.47%

Oranges (1kg)

$10.50 FKP 7.93

$3.17 ISK 387

231.23%

Tomato (1kg)

$7.90 FKP 5.96

$6.39 ISK 779

23.63%

Potato (1kg)

$3.22 FKP 2.43

$4.01 ISK 489

-19.70%

Onion (1kg)

$0.76 FKP 0.58

$1.64 ISK 200

-53.66%

Lettuce (1 head)

$4.26 FKP 3.22

$3.80 ISK 463

12.11%

Water (1.5 liter bottle)

$1.74 ISK 212

Cigarettes 20 Pack (Marlboro, Camel)

$16.30 FKP 12.31

$13.80 ISK 1,682

18.12%

Wine (Bottle)

$12.01 FKP 9.07

$23.38 ISK 2,851

-48.63%

Local Beer (0.5 liter bottle)

$3.53 ISK 430

Imported Beer (0.33 liter bottle)

$2.45 FKP 1.85

$3.45 ISK 420

-28.99%

One-way Ticket (Public Transport)

$5.77 ISK 704

Public Transport Monthly Pass (Regular Price)

$95.1 ISK 11.6K

Taxi Start (Normal Tariff)

$6.54 FKP 4.94

$6.63 ISK 808

-1.36%

Taxi (Normal Tariff) (1km)

$2.79 ISK 341

Taxi 1hour Waiting (Normal Tariff)

$81.4 ISK 9,923

Gasoline (1 liter)

$1.65 FKP 1.24

$2.11 ISK 257

-21.80%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$50.8K ISK 6.2M

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$52.7K ISK 6.4M

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$380 FKP 287

$88.7 ISK 10.8K

328.27%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$76.3 FKP 57.6

$31.53 ISK 3,845

141.86%

Internet (50+ Mbps, Unlimited Data)

$449 FKP 339

$84.6 ISK 10.3K

430.28%

Gym Membership (Monthly)

$21.93 FKP 16.56

$100 ISK 12.2K

-78.15%

Tennis Court (1 Hour on Weekend)

$48.20 ISK 5,877

Cinema Ticket

$11.93 FKP 9.01

$19.87 ISK 2,424

-39.96%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,277 ISK 155.8K

International Primary School, 1 Child (Yearly)

$31.0K ISK 3.8M

Jeans (Levis 501 Or Similar)

$113 FKP 85.2

$161 ISK 19.6K

-29.90%

Summer Dress (H&M, Zara, etc)

$94.3 FKP 71.2

$64.9 ISK 7,914

45.35%

Sport Shoes (Adidas, Nike)

$162 FKP 122

$183 ISK 22.3K

-11.56%

Men's Leather Business Shoes

$106 FKP 80.3

$254 ISK 31.0K

-58.13%

1-bedroom Apartment, City Center (Monthly)

$1,445 FKP 1,091

$2,499 ISK 304.8K

-42.20%

1-bedroom Apartment, Outside City Center (Monthly)

$1,073 FKP 810

$2,000 ISK 243.9K

-46.37%

3-bedroom Apartment, City Center (Monthly)

$2,684 FKP 2,027

$3,452 ISK 421.0K

-22.25%

3-bedroom Apartment, Outside City Center (Monthly)

$2,426 FKP 1,832

$2,742 ISK 334.4K

-11.53%

Buy Apartment in City Center (m2)

$8,001 ISK 975.7K

Buy Apartment Outside City Center (m2)

$6,249 ISK 762.1K

Average Monthly Net Salary (After Tax)

$3,889 FKP 2,936

$4,691 ISK 572.0K

-17.10%

20-Year Fixed Mortgage Interest Rate (Annual %)

7.75

8.81

-12.03%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Stanley: October 3, 2026

Last update for Reykjavik: October 4, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Stanley

$1.1K 36.5%

Reykjavik

$2K 50.9% 86.5% $927

Monthly Utilities & Internet

Stanley

$905 30.8%

Reykjavik

$205 5.2% 77.4% $700

Groceries & Markets

Stanley

$394 * 13.4%

Reykjavik

$625 15.9% 58.7% $231

Eating Out

Stanley

$301 * 10.2%

Reykjavik

$526 13.4% 74.7% $225

Clothing & Footwear

Stanley

$214 7.3%

Reykjavik

$298 7.6% 39.5% $84

Sport & Entertainment

Stanley

$46 1.6%

Reykjavik

$140 3.6% 206% $94

Getting Around

Stanley

$6.5 * 0.2%

Reykjavik

$139 3.5% 2023% $132

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,445 in Stanley versus $2,499 in Reykjavik. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 21% higher in Reykjavik, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $81.0 in Stanley versus $136 in Reykjavik. Monthly groceries follow the same trend: $394 vs $625 – making Stanley the more affordable choice for daily food spending.

Good to know

🇫🇰 Stanley

🇮🇸 Reykjavik

🕒 Local time

07:19 7:19 AM

10:19 10:19 AM

3 h ahead of Stanley

🌤 Weather

👥 Population

2,500 Capital

136,894 Capital

💱 Currency

Falkland Islands Pound FKP £

Icelandic Króna ISK kr

📈 Exchange rate

1 FKP = 1.32 USD

1 FKP = 1.18 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 EUR

Exchange rates and currency converter

ISK, USD, EUR to FKP – Falkland Islands Pound Converter

🇺🇸 United States Dollar ($)

🇫🇰 Falkland Islands Pound (£)

Falkland Islands Pound exchange rates as of October 10, 2026: 1 USD = 0.755 FKP (1 FKP = 1.32 USD). 1 EUR = 0.846 FKP (1 FKP = 1.18 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to FKP in detail →

On the map

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Highest

Between locations

Stanley Reykjavik 13,250 km ≈ 17 h nonstop flight

From you

Stanley
Reykjavik

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Stanley vs Reykjavik: Cost of Living - Frequently Asked Questions

Reykjavik costs about 37% more than Stanley, and outside of rent the gap comes mainly from utilities. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $4,411 per month in Stanley and $6,055 in Reykjavik. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Stanley, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $2,941 in Stanley and $4,037 in Reykjavik. That's a gap of about 37%.

Groceries cost about 59% more in Reykjavik, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$2,500 is a stretch for both – monthly costs hit $2,941 in Stanley and $4,037 in Reykjavik. You'll need shared housing and careful budgeting no matter which city you pick.

For digital nomads, it depends on budget. Stanley costs $2,941 versus $4,037 in Reykjavik. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Stanley. If higher salaries, better infrastructure, or specific career opportunities are the priority, Reykjavik makes more sense. Both are solid long-term options with distinct trade-offs.